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Lofts and extensions add most value

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  • Lofts and extensions add most value

    Interesting report from the BBC about loft conversions and extensions adding the most value to a home:

    http://news.bbc.co.uk/1/hi/business/5020404.stm

    A loft conversion or having an extension built are two of the most effective ways to boost the value of a property, a survey has suggested.

    On average, an extension adds 12% and a loft conversion 10.9% to a property's value, the Nationwide Building Society survey found.

    Adding a garage or extra bedroom boosts value by 8% and 5% respectively.

    But the group added that regardless of work done to a property, location was key to its price on the open market.

  • #2
    We thought of a loft conversion, but unless you do the work yourself they are very expensive, not really worth doing if you have to pay someone else, so we didn't bother.

    Jayne
    http://bowbiz.co.uk
    Commercial Propert and Business Sales.

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    • #3
      Certainly they can be disruptive - I really wanted to put an extension on our old house, but there was trouble with ownership which meant I couldn't even modernise and decorate it while living there, and once we'd moved out it was too far away to do anything but look for the quick sale. Ouch.

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      • #4
        It doesn't surprise me, and any major work that involves adding to the properties space will add significant value. Whether a loft conversion, conservatory or garage, the added space will make it an appealing proposition for a larger family than could previously occupy.

        Extensions are great if you have a modern house, but many can look a little misplaced, particularly on older buildings due to the change in brickwork. Conservatories aren't quite as naturally flowing as an extension, but are far more disruptive and add an extra something, which is particularly effective if you have a large, well-kept garden.

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        • #5
          Good points, and welcome to PW, John.

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          • #6
            Thanks Brian, some excellent discussion here already, so I'm looking forward to sticking around

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            • #7
              hey, thanks for this thread--for those suggestions, too. i'm really learning a lot just by reading your comments guys.

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              • #8
                I like loft conversions if they don't change the exterior of the building outside of a couple of discreet windows. Conservatories are a whole different thing though. How many really bad ones do we see? Alot!!!! They're just stuck on!

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                • #9
                  We've got loftspace and room for a conservatory - but key issues for me is whether the cost of developing them would justify the investment.

                  Also - do we really need either.

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                  • #10
                    A loft conversion seems a great way to make extra space, unfortunately most people seem to do them with total disregard to how the house will look when putting in awful dormers etc.

                    What is it with the roof cladding effect for the walls that is commonly used, yet looks hideous?

                    Great site by the way, I have been enjoying reading my way through the various posts.

                    Dan

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                    • #11
                      Welcome to the forums.

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                      • #12
                        hello again, seeing as we are on the subject of loft conversions and conservertories has anyone heard of a company called extend-a-room based in harrogate, they do a range of conservatories/lean too outhouses that knock out the need for groundworks and putting in footings to build your requirements onto, instead they opt for a steel framework with two posts laid into the ground for stability and strength and then build your all glass/pvc conservatory on top, i hear you dont need building regs or planning permission???? also do these kind of builds add the same value to a home as a normal groundbuilt job.

                        cheers guys

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                        • #13
                          Declutter your home before putting it on the market. Selling your home is no small task, especially in this economic downturn. Since it is here to last, some of us cannot afford to wait until the market picks up again before selling. One major tip is to make the most of each room in your house/flat so that the potential buyer straight away see their potential and what he/she would do out of it if he/she lived there. This can be achieved by massively decluttering your home, as it has to become a blank canvas for the buyer. I speak from experience, as I work at Big Yellow Self Storage, I meet more and more people taking up a storage unit in order to put away their clutter while their house is on the market. It is a small investment for big results! Check the website for more info or drop me a line, we can discuss this! All the best, Steph

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                          • #14
                            Originally posted by bigbean4action!!!! View Post
                            i hear you dont need building regs or planning permission????
                            For conservatories, planning permission isn't always required.

                            For a definite guide this site will answer all your questions
                            www<dot>planningportal.gov.uk/england/genpub/en/1115315205815.html

                            Just replace <dot> with .
                            Sheffield based builder specialising in new build, house extension and boundary walls.
                            http://www.squirrelconstruction.co.uk/

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                            • #15
                              Re: Lofts and extensions add most value

                              Thanks for this info - been finding this site very helpful! Finally registered so I could ask a couple of questions:

                              I am looking to add a conservatory to our house - we had been thinking of selling 3 years ago, but with the market like it is we think we would be better off improving the house and selling when it picks up. We have had another baby since then, so need to create some more room to live in , and a conservatory makes sense as we actually have a large garden that will still be a god size after the build.

                              I have read that you can only install double glazing if you are a qualified person? I guess this means that you wither order a conservatory then find someone to install it - or go for a supplier/installer?

                              I have also read a lot of bad reviews about the cheaper, big companies and wondered what the general consnensus was - are there more bad reviews due to the sheer volume of work they do - or are they really that bad??

                              Also what are the regs on heating in a conservtory as i have read conflicting reports on what is and isnt allowed - ideally i'd like to extend the central heating with a couple more radiators - is that possible?

                              Thanks for your time,
                              M

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